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AcadiaSoft Launches Margin Processing Initiative

Wednesday, July 8, 2015 5:02:00 AM PDT | VentureDeal
   New York, New York  --  AcadiaSoft has announced the launch of a new end-to-end margin processing initiative.

In collaboration with 13 major global banks, ICAP, The Depository Trust & Clearing Corporation (DTCC) and Euroclear, the goal of the initiative is to "facilitate compliance with new margin regulations for non-cleared derivatives effective in 2016."

AcadiaSoft said that it will link its electronic messaging service for OTC derivatives with the ICAP TriOptima OTC trade reconciliation service and the Margin Transit Utility operated by DTCC-Euroclear

The aim will be to create a centralized margin processing system that will allow integration of third-party services into a single hub.

The system will "provide workflow support for participants to issue and respond to margin calls, compare necessary inputs that include risk factor sensitivities, and enable participants to identify and minimize disputes at the input level before issuing margin calls."

AcadiaSoft also announced the addition of several banks investing in the company as part of a current round of financing.

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